The Bitcoin Spot ETF market witnessed a significant downturn last week, recording a total net outflow exceeding $1 billion. As illustrated in the weekly netflow chart, this marks the most substantial weekly exit of capital since November 24th, signaling a potential cooling in short-term institutional appetite.
A breakdown of the data reveals that the selling pressure was broad-based but led by major players. According to the fund-specific metrics (measured in thousands of dollars), Fidelity's FBTC saw the largest withdrawal, shedding approximately $542.65M, followed closely by BlackRock's IBIT with an outflow of $380.77M. Even Grayscale's GBTC, typically a source of outflows, contributed a smaller $12.35M to the total.
This synchronized selling across top issuers like BlackRock and Fidelity is noteworthy. While ETF flows are often lagging indicators of price action, such a sharp reversal after weeks of mixed activity suggests that institutional investors may be de-risking in response to macroeconomic uncertainty or profit-taking at current price levels. Traders should monitor if this trend persists into the coming week, as sustained outflows could exert further bearish pressure on Bitcoin's spot price.
Written by CryptoOnchain